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Updated over 7 years ago on . Most recent reply

User Stats

30
Posts
9
Votes
Jonathan Brown
  • Prattville, AL
9
Votes |
30
Posts

business loans for the new investor

Jonathan Brown
  • Prattville, AL
Posted

Hey BP

I am a newer investor with one rental property under my belt. I funded my first deal with a business loan, 5% Interest, 5 year balloon, 12 year am, 20% down. I told myself I was only going to get this loan once and move over to private money. My private money situation is slowly coming together but not fast enough to start making some offers. My question is how risky would it be to acquire multiple loans with these kind of business loan terms? I am able to get the loans with no problem but don't want to cause a problem down the road even though I plan on refinancing down the road.

any help greatly appreciated

thanks

Jonathan Brown

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